Oil prices are falling on Friday morning, having softened more broadly overnight, after central bank interest rate cuts failed to ease demand concerns in the market.
The front month contract for Brent North Sea crude oil was last seen changing hands at USD 99.65bbl on the Ice platform, down USD 1.05 on Thursday's close, while the WTI August contract last traded USD 0.73 lower at USD 86.50/bbl.
"The bout of interest rate cuts didn't really provide enough confidence,” one Australian analyst said.
"Paradoxical
Freitag, 6.07.2012, 08:17 Uhr
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